Removing doubt on Tax Collection at Source on certain goods under Finance Act 2020

Finance Act, 2020 amended provisions relating to TCS with effect from 1st October, 2020 to provide that seller of goods shall collect tax @ 0.1 per cent (0.075% up to 31.03.2021) if the receipt of sale consideration from a buyer exceeds Rs. 50 lakh in the financial year. Further, to reduce the compliance burden, it has been provided that a seller would be required to collect tax only if his turnover exceeds Rs. 10 crore in the last financial year. Moreover, the export of goods has also been exempted from the applicability of these provisions.

Index of Eight Core Industries of India

Final growth rate of Index of Eight Core Industries for May’2020 is revised to (-) 21.4 %. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). Details of yearly/monthly index and growth rate is provided at Annexure.

Jalpaiguri Airport upgraded: Now 500 passenger handling capacity in peak hours

Catering to a growing city of promising tourism options, Jabalpur airport is witnessing the rise in passenger traffic. The Airport is now getting upgraded to provide better services to the air travellers of the region. The upgradation work undertaken at the airport includes construction of New Terminal Building, ATC Tower and Technical Block, Fire Station Category VII, other buildings and extension of runway & associated works. State government handed over 468.43 acres of land to AAI for development work in 2015, total land measuring to 775 acres.

Biennial election to the Karnataka Legislative Council

Considering the unforeseen situation of public health emergency due to COVID-19 and the guidelines & orders passed under the Disaster Management Act, 2005 by the competent authority, the Election Commission, on 08.06.2020 passed an Order under Article 324 of Constitution of India read with section 16 of the Representation of the People Act, 1951, and directed that the process of election to the abovementioned seats be initiated at a later date after reviewing the prevailing situation.

मोदी ने नमामि गंगे मिशन के अंतर्गत उत्तराखंड में 6 बड़ी परियोजनाओं का उद्घाटन किया।

श्री मोदी ने गंगा नदी पर अपनी तरह के पहले संग्रहालय ‘गंगा अवलोकन’ का भी हरिद्वार में उद्घाटन किया। उन्होंने एक पुस्तक रोइंग डाउंन गंगेस और जल जीवन मिशन का नया लोगो भी जारी किया। प्रधानमंत्री ने इस अवसर पर जल जीवन मिशन के अंतर्गत ग्राम पंचायतों और जल समितियों के लिए उपयोगी ‘मार्गदर्शिका’ भी जारी की।

Defence Acquisition Procedure – 2020 unvailed

Raksha Mantri Shri Rajnath Singh today unveiled the Defence Acquisition Procedure (DAP) – 2020 in New Delhi. The first Defence Procurement Procedure (DPP) was promulgated in the year 2002 and has since been revised periodically to provide impetus to the growing domestic industry and achieve enhanced self reliance in defence manufacturing.

Jaina Succession Act 1928

The Jains in South Kanara district are about 9,000 in number and are rich landowners. In matters of faith and religious practices they conform to the Jains in other parts of India. They belong to the Digambara Sect. Their shrines situated in Karkal, Venur, Mudabidri and other places are worshipped by all classes of Jains in India and are visited by pilgrims in large numbers annually. In matters of social usages, they conform to those prevailing among the higher classes of Hindus governed by the Mitakshara Law of Inheritance.

Grant-in-Aid Code of the Tamil Nadu Educational Department

A sum of money is annually set apart to be expended under these rules as grants-in-aid of recognized educational institutions under private management with the object of extending and improving secular education, and such grants will be given impartially and without reference to any religious instructions to all schools which impart sound, secular instruction, subject to the conditions hereinafter specified and with due consideration of the requirements of each locality, and of each institution and of the funds available